Your Catalyst to a Lucrative Business
The market for CFRPs is the fastest-growing and is projected to grow at a healthy CAGR during the
forecast period. Strict environmental rules and demand for fuel-efficient cars will propel this segment.
And increased application base for composites in latest vehicle models will also add to the demand. .
On the basis of applications, the global automotive composites industry is fragmented into interior,
exterior, engine, and powertrain components. Owing to widespread expansion, chassis and powertrain
components has been the fastest growing segment over the past couple of years. . The exterior
components segment led the market due to high demand for aesthetic appeal and attractiveness in
passenger cars. Engine & powertrain components is projected to witness maximum gains in the years
to come. The global market is also segmented on the basis of technology into manual, continuous,
injection, and compression.
Regionally, the automotive composites industry is categorized into Europe, Asia Pacific (APAC), North
America, Central and South America (CSA), and the Middle East and Africa (MEA). Surging income
levels along with rapid industrialization in various developing countries has resulted in the greatest
industry share in this region. Frequent business ventures and numerous product launches have made
the region a lucrative hub for high investments. The European automotive composites market will
register moderate growth from 2016 to 2024. Stringent environmental rules by the European
government will boost regional growth. United Kingdom, Germany, and France automotive composite
markets will perform favorably owing to the presence of major automobile manufacturers such as
Renault and BMW. The North American region is also expected to have steady gains due to a rise in
the customer spending capacity post recession.
The global industry is highly consolidated one with four key players holding 70 % of the total market
share. Some of the key companies are Mitsubishi Corp.; Toho Co. Ltd.; Toray Industries Inc.; and
Koninklijke Ten Cate N. V.
Table of Contents
1. Methodology & Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
2. Executive Summary
2.1 Industry Summary of Automotive Composites Market
3. Industry insights
3.1 Automotive Composites Market Segmentation
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